Core Viewpoint - The recent closure of multiple locations of the popular restaurant chain Tai Er Suancaiyu indicates a significant decline in performance for the parent company, Jiumaojiu Group, which has seen a drop in revenue and profitability across its brands [1][8][12]. Company Performance - Jiumaojiu Group reported a revenue of 2.753 billion yuan for the first half of the year, a year-on-year decrease of 10.14% [8]. - The net profit attributable to shareholders was 60.69 million yuan, down 16.05% compared to the previous year [8]. - Revenue from Tai Er Suancaiyu specifically was 1.949 billion yuan, reflecting a decline of 13.3% year-on-year, with its contribution to total revenue decreasing from 73.4% to 70.8% [10][11]. Store Closures - A total of 88 restaurants were closed by Jiumaojiu Group in the first half of the year, primarily due to the expiration of lease agreements and underperformance of certain locations [12]. - In Nanjing, 6 out of 10 Tai Er Suancaiyu locations have closed, with the last customer reviews dating back two months [8][10]. Industry Trends - The restaurant industry is experiencing a shift in consumer preferences, which may be impacting the performance of Jiumaojiu Group and its brands [8]. - The group opened only 10 new restaurants in the first half of the year, a significant decrease from 59 openings in the same period last year, indicating a slowdown in expansion efforts [11].
“酸菜鱼界天花板”太二现关店潮，九毛九业绩承压跌出港股通